Say hello to the new Coin app

June 12, 2018


It’s been over 5 years that SEBI made it mandatory for all mutual fund houses to offer direct plans. Even so, around 90% of retail individuals still invest in regular funds as they don’t know the difference between regular and direct plans — the ridiculous commissions paid out from their investment on regular plans for as long as they are invested. The reason for this is because businesses/distributors don’t have any incentive to sell direct plans and let go of all the earnings that they make selling regular plans. Also, since we Indians don’t like paying money for just advisory, it is extremely tough to set up a business just around selling direct mutual funds.

We started Coin with the goal of helping investors save commissions by offering them a platform to invest in direct mutual funds without any hassles. By offering them in demat mode, we not only offer the convenience of a unified portfolio across equity, mutual funds, ETFs, bonds, currencies and commodities, but we can also settle mutual funds similar to stocks – hence reducing our business overheads. This has helped us build a sustainable platform while still offering direct mutual funds where we don’t earn any commission from the fund house.

We launched Coin web in April 2017, and just over a year later, 80,000+ investors have invested over 2000 crores collectively saving 30+ crores in commissions – making Coin India’s largest direct mutual fund platform.* Special thanks to the BSE StAR MF platform for enabling all of this.

Dematerialise your existing investments and track them on Coin. Dematerialisation charges will be waived off until 31st October 2018! Read more.

Today, I am super excited to announce the launch of the Coin Android and iOS apps.

You can now invest in direct mutual funds on the go in just a few taps. The Coin app has been built to make the investing experience as easy and seamless as possible. Here’s what’s in store:

Login with Kite

You can log in with your Kite account to start using the app. Once logged in, you will see a brief snapshot of your portfolio, list of top funds being bought on the platform, and the best funds in the category to help you get started if you aren’t sure.

Intuitive search

In spite of the scheme re-categorization mandated by SEBI there are still over 3000+ mutual fund schemes in India, and choosing the right fund can be a tedious process. With that in mind, we have built the Coin search to make the process of finding and selecting a fund as easy as possible. Click on “Explore” once logged in.

You can directly search for a fund or browse across debt, ELSS, equity, and liquid fund categories. You’ll also see sub-categories under debt and equity to further simplify the process given, the wide array of funds under these 2 categories. You can easily filter funds based on the AMC, scheme type, minimum investment, CAGR and more.

New to mutual funds?

Investing on Coin just takes few seconds. Search for the fund, select the mode of investment – SIP or Lumpsum, enter the amount you wish to invest, select the frequency, and you’re done.

If you’re new to mutual funds, then check out the “Get started” section. We have created a few FAQs to help you familiarize yourself with the concept of mutual funds.


You can check the funds invested and P&L in this section.  You can now also track XIRR of your portfolio along with absolute return % (By selecting your preference in the “Account” section).  If you wish to make additional investments or redeem a fund, just click on the respective fund. You can also filter your portfolio based on the invested amount, current value, and P&L.

Check this post to know more about XIRR and right ways to monitor returns of your portfolio.

Easy order placement

Search for the fund of your choice and place an order or set up an SIP in just two taps.

You can also place a conditional lumpsum order to be executed once a certain NAV is hit, set order frequency and the number of instalments for SIPs or create SIPs that will stay alive until you stop them. View the funds 1, 2, 3 and 5-year CAGR, the current NAV, expense ratio, and exit load and place well-informed orders.

Tracking your orders

You can easily track the status of your pending lumpsum & SIP orders, and order history from the orders section.

Your account

You can track your subscription, manage funds (add and withdraw), set the portfolio returns preference (absolute, XIRR) from the account tab. You can now transfer funds using UPI. Soon you will also be able to set NACH E-mandates online to debit funds directly from your bank account for SIPs. If you like Coin, you can also help us spread the word by inviting your friends.

For more, you can check out app FAQs here.

Hopefully, all of you like the app. Download it here.

Help spread the word for direct mutual funds among your family and friends – you will be helping them save and earn a lot more in the long run.
Go Direct! ?

Happy Investing,

Founder & CEO @ Zerodha

Post a comment

  1. Chetna Rustagi says:

    Hi team,
    Please work on STP\SWP… i am waiting for this feature in app. It helps in invest bulk amout as sip.


  2. Ganeshbabu Dhandapani says:

    SWP – when will be launched? Seems it was a long conversation but no progress.

    • Shruthi R says:

      Hey Ganeshbabu, we know it’s taken a while. We had built an SWP where you could do it across any scheme across any AMC but suddenly this SEBI circular came out which changes the way Coin works and whatever we had built no longer works. We are currently working on transitioning Coin and once we’re done we’ll introduce STP/SWP. Please bear with us.

      • Veeranna says:

        Hi planning to switch to groww app for mutual funds as u guys r unable introduce SWP,STP in coin app.
        why cant u create an app like Groww which does not hold the Mutual funds in Demat form ??

        • Shruthi R says:

          Hey Veeranna, having investments in Demat mode has its own set of advantages. You can add a nominee for all your investments – mutual funds, ETFs, stocks, and bonds. Not to mention, you also save on commissions by investing in direct MFs on Coin. We’ll also soon be introducing STP/SWP as well 🙂

          • Maulik K says:

            Hey @Shruthi

            Nitin already Said the same on June 13, 2018, at 8:02 am about STP/SWP. So can I ask one silly question, when you introduced SWP/STP?

  3. Nitesh says:

    When are you planning to launch STP/SWP, it’s been more than 4 years since you mentioned we are working on it.
    Please commit a date.

  4. Calder Mendonca says:

    When is Zerodha coming up with SWP feature on Coin platform? Its a pivotal feature which needs to be embedded in Coin at the earliest.

  5. K says:

    I have been using COIN since 2019 for my majority of MF investments but I am disappointed not to have STP option yet. Is it so difficult to code for developers at Zerodha? I am going for groww or Kevera for STP. If I like those platforms, I might shift all my SIPs also there!

  6. Praveen says:

    How about the SWP option in Coin?
    I was unable to find this option anywhere. Appreciate any help.
    If it’s not there, any timeline by when Zerodha is going to roll the functionality for Coin App users?

  7. Harmeet Singh says:

    Please help me for step by step guide for SWP ; if we invest as lump sum in a MF amount in one shot and we need income every month through (SWP: SYSTEMATIC WITHDRAWAL PLAN)

    Let me know the full steps for zerodha coin

  8. Vishal says:

    Does it support to create Flex SIP?

  9. sunil says:

    Hi, I have raised a couple of tickets on a new Zerodha account created for my wife which is inactive. Account opened on 5th Jan, got access on 7th & from 8th Jan its Inactive & states contact Zerodha Support. After 5 days of wait and 3 tickets & a couple of calls, the team responded stating there is an issue with BSE StarMF ( assuming it’s your underlying interface/API) and asked us to wait and will let us know when they respond. There is no ETA, nothing. The rest of all processes including POA approval all in place, but COIN is not operational whereas KITE is working, But I am keen on MF only. Pls review & advise, Thanks

  10. Romeshkumar Mehta says:

    Hi Guys,

    Any update on when SWP will be available in Coin.
    A much needed feature for many investors and is still missing on a platform like Z/Coin.

  11. PC says:


    I believe there is an error in the XIRR calculation on some of my MFs. the overall P&L is positive however XIRR is negative….

  12. Puneet Rathi says:

    Hi, I have been using both Kite and Coin since 1.5 to 2 years now. I really feel a need for separate wallet for both these platforms. That would really help in managing funds separately for mutual funds and trading purpose.

  13. RamH says:

    It’s been 2+ years that you guys are working on STP,SWP .Also, you guys are unable to give timelines either.I don’t mind if you have a paid version supporting these basic features.I will start shifting to other platforms soon, as this is taking for ever.

  14. Arun Mittal says:

    I tried this platform few years back. It was just allowing lumpsum and sip, and riday also the same. I really wanna start using this platform again, it will be great if we can group funds and do STP and SWP.
    Check valueresearchonline my invenstmwnt section. They have made tracking MF portfolios wonderfull.
    If you can just offer STP, i will start using oin again.

  15. Rohan says:

    It has been years now that your team has been promising STP option.
    Kindly provide a definite time and update for the same.

    • Matti says:

      We are actively working on this and this will be part of the upcoming updates to Coin. However, a definite ETA isn’t possible right now.

  16. Senthil Ganapathy says:

    When will STP option enabled in Zerodha? Pending for long time now.

  17. Subhash says:


    I am trying to login to my coin account but I am getting the message saying “Mutual Funds is not enabled on your account. The exchanges may take 24-48 hours from your account opening to activate your Mutual funds account”. My account is around 5 years old and I have been using kite for quite some time.

    My user-id is RS1748.

    Can someone please help me fix this issue?


  18. Rameshwar says:

    Any update on STP?

  19. SJ says:

    Dear Team Request update on STP. How do we do it on COIN

  20. PT says:

    Thanks Matti for your response. I appreciate that.

    I am trying not to sign up for any other platforms. Can I ask you for an estimated date to have this functionality? To get me going, will you be able to setup STP in back-end, until you enable this functionality in the portal?


  21. PT says:

    Hi Zerodha Team,

    You platform is super exciting. But I am not using the platform because of the lack of STP functionality. STP is the best way to deploy large sum of money to the equity market. This way the investor’s money could get around 7% returns while it is getting regularly invested in equity funds for cost averaging.

    There are lot of investors out there who stay away from coin for the same reason. Could you please prioritize building that feature?


    • Matti says:

      Hey, STP is on our list of things to do and should be available soon.

      • PT says:

        Thanks Matti for your response. I appreciate that.

        I am trying not to sign up for any other platforms. Can I ask you for an estimated date to have this functionality? To get me going, will you be able to setup STP in back-end, until you enable this functionality in the portal?


        • Matti says:

          So, we depend on BSE StAR for mutual fund order execution. They’re yet to get back to us with the APIs for STP. Once we get it from them, we’d be able to make it available on the platform within a week’s time. We hope to have this soon, but since this is an external dependency, can’t give you a timeline.

          • Noble Antony Thattil says:

            Is it now available to setup the STP for the mutual-fund investment ? Can you please help me setup one ?

  22. Mitali Sharma says:

    It says “This version is not compatible with your device” ….

  23. Himankar says:


    I am planning to start investing in MF. Can u please clarify the following –

    1) Whether all MFs are having direct mode of investment ?
    2) Whether all MFs allow SIP / Lumpsum in direct mode ?
    3) Do I have to maintain DMAT A/c with you ? if yes, what are the different charges under different heads for DMAT a/c ?
    4) Can I link my existing DMAT a/c, held with other organization, with my COIN subscription A/c ? If yes, What is the process ? and Whether the debit / credit to DMAT a/c is automatic ?
    5) Can I trade my MF units in share market through your platform ? if yes, what are the charges under different heads ?
    6) Other than holding charge for the COIN subscription A/c [ i.e. Rs. 50/month after crossing Rs. 25000 for non ELSS MFs ] irrespective of the total MF units & total value, do you charge for anything else like buying or redemption of MF units etc. ?
    7) For regular MF option expenses ratio cover the fund and advisor expenses and NAV is adjusted accordingly. For direct MF option also expenses ratio is there which covers fund expenses and NAV is adjusted accordingly, plus additionally I have to incur your COIN subscription charge of Rs. 50/month i.e. Rs. 600 p.a. Can you give short examples for break even point where investment through COIN is advantageous.

  24. Shubhankar Barman says:

    Hi Nithin sir, I am new in market. my question are- 1. Can I invest mutual funds less than 1 yr? 2. What is the minimum sip need to invest a mutual fund? 3. If my sip is 1000/month then after 2 yr I deactivated/exit the mutual fund then 50/ month is debit? Ex- 1000*24=24000. Not ₹25000 . Then what happened? 4. If I holding mutual funds 5yr then when i deactivate/exit the fund then capital gains tax apply for it? Plz answer.

    • Zerodha Social says:

      Hey Shubhankar,

      1. Yes, you can invest in mutual funds for a period lesser than a year. However, some funds may have an exit load. Click here to learn about exit load.
      2. You can start an SIP with an amount as low as Rs 100. Check out this link to view schemes according to the minimum investment value.
      3. No, in this scenario you will not be charged the subscription fee of Rs 50.
      4. Refer to this article for a detailed explanation.

      • Shubhankar Barman says:

        hi Sir , so I can save 50/month. If I always invested a mutual fund for 2 yr . Supposed I instead 2or 3 mutual fund in sip 500 and 1000 . After 2 yr I have not paid 50/ month. Then after 2 yr u charge any amount if I start a new mutual fund ? And what is advantage and disadvantages if I do it ?

  25. Prabir Sahoo says:


    We know that normally NSE send both SMS and email alerts for each and every trade. I have received both SMS and email alerts from NSE for my all trades before one month. Now I am receiving only SMS from NSE but no email. I want to get email alerts from NSE. I asked NSE and they replied me that broker is responsible to maintain all the information of their clients uploaded on NSE database so that their clients will receive both SMS and email alerts from NSE for their trades.
    I wrote on Zerodha support (#20180717239917). But Sangeetha P (one member of Zerodha team) replied me:

    Dear Ps Infoweb,

    Thank you for writing to Zerodha.
    Kindly note only SMS you will receive from exchange, Further contract note and margin statement you will receive in mail from our end.
    Please get in touch with us if you need any other information through our Support Portal or by calling us on 080-40402020
    Team Zerodha
    Sangeetha P

    Sir, please solve the problem so that I wiil receive both SMS and email alerts from NSE and BSE for my trades.
    Thank you,
    Prabir Sahoo

  26. Good app with great features and well described about the complete app – I already used one more app named Advisorymandi its is really good app for stock market.

  27. Jatindra Mohan Kalita says:


    I very much liked the Coin App of Zerodha. I wanted to invest in SBI Small Cap Fund Direct (Growth) through SIP mode, but, I was unable to find the SBI Small Cap Fund on the search bar of the Coin App. So, I wanted to know when this mutual fund will be made available on the Coin App. Thanks in advance.

    • Matti says:

      Hi Jatindra, we’ll be making investments available in this fund soon. This fund has stopped accepting investments in lumpsum mode, and since we use simulated SIPs, investments aren’t possible right now. However, we’ve built a solution for this that will be taken live soon. Hopefully in the next couple of weeks.

  28. Manav Jain says:

    MF investment for minors…does Zerodha let account opening on behalf of minors? I want to start goal based investments for my son.

  29. Harshal Changediya says:

    Dear Nithin,
    I am waiting for Zerodha to start giving out franchisee to individual entrepreneurs. Your business model is of zero or lowest brokerage so you may be shunning away from franchisee model, but believe me it is essential for last mile reach. Entrepreneurs like me are medium to bring variety of people to invest in share markets ( e.g. non smartphone users, busy persons or anyone who’s new to share markets). Giving small brokerage like 0.4% or so doesnt matter for many such people. Ultimately this will make Zerodha more popular. I would be happy if my suggestion matters to you.

  30. Nike says:

    Can we set up NACH mandates for auto debit facility from the bank accounts through COIN

  31. Nike says:


    Quite interested in the coin app, but bit apprehensive over the longevity of COIN. Im investing in mutual funds for a long term, if Zerodha/ COIN vanishes in say 10 yrs time then wat will happen to my investments.

    Second question is the fee charged by COIN 600/ yr + taxes. is a bit on the higher side. Could anyone explain these two things to me.


    How do I join in coin platform?

  33. vedant khandelwal says:

    Is coin only for mutual funds or are there any other uses as well?

  34. Ashish says:

    How can i receive contract note per stock wise, especially if lot of trades(CNC and intra both) were made on one day. I would like to receive contract notes script wise. I did raise a helpdesk ticket but no help.

    I am requesting this info since I am a new investor and would like to learn about various charges involved. Somehow numbers(total and avg. cost) are not matching with my records. I am looking for trades done by me on 15-June.

    Thank you in advance,

  35. PraWin says:

    Dear Nithin Ji,
    I am really glad to be associated with Zerodha, also I have recommended my friends to explore Zerodha some of them have already switched over to Zerodha from their earlier brokers.
    Zerodha is synonymous with Innovations, keep it up! Miles to go before we sleep:)
    Cheers! ENJOY!
    Thanks and regards,

  36. sharma sk says:

    Hi , Great UI , I love that add fund option. its easy to use and time save.
    can you add this on kite app also pls…

  37. Alok says:


    Used the coin app and liked it. The only draw back is that for liquid funds, im not able to get previous day NAV where i end up losing a day’s float.
    Can you pleade get it sorted asap coz as an investor i lose money if i wana do transactions via net banking as bank upi limit is 25k per transaction per day. So have to tranfer ends via netbanking whr i incur 10 rs as charges. Second im incurring loss for a day’s float as well. This is almost equivalent to investing in regular liquid funds.

    Alok Sharma

    • Faisal Rahman says:

      Hi Alok,

      When you place an order in liquid funds to get the historical NAV through BSE STAR MF, the same has to be punched in the system before 1 pm. We follow a standard process of punching orders for all types of mutual funds (equity, debt and liquid) before 3 pm. Hence, you will receive the same day’s NAV except on a Friday where there is NAV released for a purchase order so you would receive the NAV of Saturday or Sunday.Otherwise on remaining days, you would receive the NAV of T-day itself.

  38. SAMIR says:

    for many years i was always looking for an mutual fund app for both demat and otherwise, on a single platform.Would coin app have this in place.any plan in future?
    Also please could the net worth be plotted on a chart and offered against a value added service .I am sure there would be many takers.

    • Bhuvanesh says:

      Hey Samir, you will have a unified portfolio view soon. We’ll soon have a visualization that shows your account value over a period of time as well as a cumulative equity trigger.

  39. Sudhir says:

    Just out of curiosity, the Coin app built in Flutter?

  40. MANIKANDAN says:

    some mutual fund allows daily purchase also. can i do same in zerodho too?
    then hdfc mutual fund have flexi sip plan. can i get same plan in coin too ?

    • Bhuvanesh says:

      Hey Manikandan, daily SIPs aren’t possible currently. We are working a different variant of a flexi SIP, we’ll keep you posted.

  41. Amit Mane says:

    Hi Nitin,

    While I am checking available mutual funds on Coin, I observed few of mutual funds are unavailable. (Example SBI small cap mutual fund in unavailable on Coin).

    Just wanted to share this so that all mutual funds will get available to users and app will be more useful.

    Best regards,
    Amit Mane

  42. Vinit says:

    Dear Nitin ji, Matti ji, Saleesh ji,
    I’ve MF in Demat form in another company. How may I transfer that in Coin?

    I had also had word from Saleesh ji, that Q will be updated. I’ve transferred my entire stock from another Demat to Zerodha, but average price and PnL report are not correct. Plus manual error from my side as not rectified since more than 6 months.

    I’ve two choices, switch entire Zerodha to other account, as I’ll already get correct PnL and services or switch my 3rd Demat into Zerodha, if Zerodha provides better service.

    I like your model, plus it’s pocket friendly. But if it’s without service, it turns difficult.

    I’m fed up of multiple accounts. I’ve turned from 4 accounts to 3 now, and next is from 3 to 2.

    Help me make a choice.

    Vinit Kothari

  43. Akarsh says:


    Few things I picked from above comments. Please comment.

    ‘Can we block some fund for SIP so that regular trading will not consume money from this fund. Like MF balance, Trading balance etc’
    – by user.

    1. Would this not be a useful feature?

    ‘We’ll allow users to monitor their investments on Coin (here talking about MF tab in Kite app), just not add features required to do anything else’
    – by Matti.

    2. Doesn’t this take away bulk of Coin app’s powers?
    I mean most (maybe) of us, would apply for MF, would only want to monitor MF, & be done with it. (Think small investors). Not to mention that funding of coin occurs through kite only (as of now). Since basic life cycle of MF is covered in Kite app itself, doesn’t this take away bulk (not all) of coin’s powers?

    3. Why is the Rs. 50 + 18% GST charged? To keep the kite app running?
    If one were to not opt for the app and use the coin website instead then wouldn’t this charge become meaningless? (I don’t mind paying. Just a Query.)

    ‘Also, as Nithin has said in the posts, we’ll also soon have e-mandates that will allow SIP instalments to be directly debited from the bank account’
    – by Matti.

    4. Wouldn’t this make Coin more independant? Then why keep the MF tab in Kite app?

    Wouldn’t it be better if these two were completely seperate apps?
    I mean there are people who only want to invest not trade. I even tried to get my mother to invest but in the end she told me that if it was only MFs then she would, but, one would also have to take care of the trading account, on top of that pay AMCs for not using the trading account.



    • Bhuvanesh says:

      1) This is quite complicated. Assume that you hold a derivatives position and there is a sudden movement in the markets, the margin requirement changes in a split second. It’s not practical to have these limits. We are very close to integrating E-mandate and that takes care of this request.
      2) It’s a choice right, you can still do it only through the Coin app and not login to Kite.
      3) The Rs.50 is the subscription fee for Coin. There is a cost involved in maintaining the platform. Hmmm, Kite just shows the basic P&L and nothing else. We have added XIRR in the Coin app which is the right way to track the performance of your MF investments. We’ll soon have other analytics in the app.
      4) I believe the same answer as above applies. They are meant to be different, Kite is a trading platform only.

  44. Sarthak says:

    I wanted to ask that will the TER expenses will be deducted if we invest directly in mutual funds?

    • Matti says:

      Hi Sarthak, yes, all funds have a TER, i.e., an expense ratio. The difference is that, for direct funds, this is much lesser as compared to regular funds.

  45. Saikiran says:


    I would like more features to make it complete.

    Few enhancements :

    1. Is it not possible to show list of stocks in a fund and it’s holding percentage? At least sectors percentage?

    2. Search by scrip name and display list of funds who has the scrip. There are few costly shares like mrf, page, Bosch etc in which small size investors cannot enter rather would be interested in buying funds who hold them.


    • Matti says:

      Hey Saikiran,

      1. The MF holding data is only published once every quarter and the holdings may change in between these three months. As such, we didn’t see the value add this data would have since there can be no guarantee that it is accurate.
      2. Again, since the data is delayed, this search may not be accurate, hence not something we’ve added.

  46. Mahendra says:


    Can we block some fund for SIP so that regular trading will not consume money from this fund. Like MF balance, Trading balance etc.


  47. Karthiram says:

    When i tried to add funds from Coin App, i m getting error as “Invalid Payee MCC Code”…. what is the issue?

    • Matti says:

      There seems to be an issue with some UPI apps. Can you try transferring through another app, like Tez?

  48. Gaurav says:

    Hi Nitin,

    Congrats for the milestone. Please consider below feedbacks:

    1. Consider showing the XIRR of complete portfolio beside P&L
    2. Possibly try to list sector allocation details of a MF. Currently a user has to navigate to various websites to find out more about a fund.


    • Matti says:

      Hey Gaurav,

      1. Perhaps in the future.
      2. The MF holding data is only published once every quarter and the holdings may change in between these three months. As such, we didn’t see the value add this data would have since there can be no guarantee that it is accurate.

      • Hari says:

        Recently I had some issue in XIRR of one of the fund and i raised a ticket after fixing the ticket now for all the funds XIRR is shown as 0 and the Customer care Exec says that XIRR will be shown as 0 till the completion of 1 year!!!!.

        Please let me know if this is true. (Technically XIRR can calculated from day 2 of investment.)

  49. Kssml says:

    I could not FIND newMfo UTI NIFTY NEXT 50 INDEX FUND on Coin. Why it is not in the list. How can I invest in the above MFO. PL.EXPLAIN.regards kssml

    • Matti says:

      Hi. This fund isn’t launched yet. The NFO is slated to close on 22nd June. The fund will be available on the platform in July/August.

  50. priyanka says:

    Hello please send the direct details of mutual funds

  51. Raju says:

    It’s good that you have brought a new app altogether dedicated for mutual funds. However, in my opinion, it would be of great convenience if the development is integrated with Zerodha Kite App itself. Though both the apps are ‘single sign-on’ basis, it is always better to have an integrated/comprehensive single app for an entity, irrespective of kind of facilities the apps offer. Thanks

    • Prakash says:

      Hi Raju,

      I am a zerodha user and I would have found it difficult to rectify which is a mutual fund and which is equity.

      As you know many stocks are named like hell.

      But yes if a separate tab would have been given in kite dedicated to MF it would have been better. As nowadays there are so many apps eating out memory of the mobile.


      • Matti says:

        There is a separate filter in Kite holdings on the web for Mutual funds. The new Kite app will also have this, for monitoring, but you’d have to use Coin for transacting in them. Having everything in one app would just create a lot of clutter leading to confusion.

    • Matti says:

      Hey Raju, these are intentionally kept separate to avoid clutter and confusion.

  52. Simanchal says:

    It is good to have pin and fingerprint based login for the Coin app. It is tedious to login everything with username password and again 2FA answers.

  53. Karthiram says:

    Its good to see a dedicated app for Coin. But it would be great if you populate both Equities and MFs in the same portfolio screen..
    One clarification — You are offering free dematerialisation of existing MF holdings. While doing so, my holdings in will cross 25K mark. So will you charge the 50Rs per month???

    • Matti says:

      Hey Karthiram, you can, in fact, see your equity and MF holdings in the holdings section of Kite, and the backoffice, Q. Yes, once the investments cross 25k, the Coin subscription charge would be applicable.

      • Karthiram says:

        This is not fair. We are not investing through coin right..? moreover those holdings may not necessarily be “Direct” investment.

        • Matti says:

          Hey Karthiram, once you transfer these funds in, the platform would see these as investments being tracked on it, and you do get the ability to track them, sell them, etc, hence the charge.

      • Ram Chaithanya S A says:

        I have 39k in direct elss funds and 6k in equity fund(which is less than 25k). Still i got charged for 59 rupees for coin subscription charges. When i raised the ticket below is the following reply. Can you please explain.

        Thank you for writing to Zerodha.

        We tried to reach you on your registered phone number but unfortunately there was no response.

        Please note: previously coin subscription charges were applicable for both ELSS as well as non ELSS funds, but now we have waived off the charges for ELSS fund. Hence, if you wish to stop the subscription charges. Kindly deactivate it on coin. Please refer to this link to know the deactivation process.

        Please get in touch with us if you need any other information through our Support Portal or by calling us on 080-40402020

        • Matti says:

          Hi Ram. Check out this post. If you had an active Coin subscription, you’d have to go to the ‘Account’ section on Coin and stop the subscription if your non-ELSS investments are less than 25k.

  54. Himanshu Lakhyani says:


    Will it be possible for you, to add more than 3 suggestions in every category. Like suppose I am searching for ELSS mutual funds. Then right now you are showing only 3 suggestions.

    Maybe you can add a list of top 10 recommended by you and a top 10 recommended by top consultants and so on.

    This is just to broaden up the options that I can have

  55. Manju says:

    Why another separate app for coin (mutual funds) ?.

    While its beautifully integrated with the kite app.

    Is have to maintain two separate apps !!!!!

    • Matti says:

      Coin is a mutual fund investing platform, Kite is a trading terminal. The two were intentionally kept separate so as to not add too much clutter into one platform confusing users.

  56. Sachin says:

    Hi Team Zerodha,
    Few comments/Feedbacks
    – Why you guys are making separate app (COIN) for MF? Option should be added in kite app only.
    – Why User Bank details are not registered with SIP for direct deduction from Bank Accounts
    – Add option to invest in IPOs directly from kite account
    – MIS charges are too high, reduce it

    Thanks Sachin

    • Matti says:

      Hey Sachin,

      1. Coin is a mutual fund investing platform, Kite is a trading terminal. The two were intentionally kept separate so as to not add too much clutter into one platform confusing users.
      2. We don’t require bank details as funds from the trading account are deducted for MF investments. Also, as Nithin has said in the posts, we’ll also soon have e-mandates that will allow SIP instalments to be directly debited from the bank account.
      3. IPOs can be easily applied for online from your netbanking using the ASBA service. All you need is the DP ID, which is available on Kite and Q. That said, we may consider this in the future.
      4. Not sure what you’re talking about here.

      • Akarsh says:


        1. So will you be removing the MF tab in Kite app?

        2. If no, then, why would you guys not remove mutual fund tab from the kite app?


        • Matti says:

          We’ll allow users to monitor their investments on Coin, just not add features required to do anything else.

      • Akarsh says:

        Also regarding the e-mandate thing, if a user is happy with MF sip being deducted from trading account then will you guys let it be? Or will e-mandate become mandatory?

  57. Akarsh says:


    Will a person always be logged into his coin account or will it auto log out after sometime?


    • Matti says:

      Hey Akarsh, we’ve built the app so that you can log in once and then stay logged in until you logout manually. We’ll soon also add a PIN auth to the app.

  58. Sanjib Das says:


    I am waiting for the STP in the COIN. Any idea when will it be implemented in COIN?

  59. Pradeep says:

    Hi Nithin, great news and app!

    Go the news yesterday and installed it right away! Did some research and ordered my first MF through Coin app today morning. I was waiting for Coin app after getting addicted to Kite app! 🙂

    Question: Are there any charges/fees for adding money into Coin app every month? Since, bank ECS is not supported, it’s hard to remember to add money into our trading account. Hope to see ECS in near future.


    • Matti says:

      No charges for UPI & Tez transfers, Pradeep. 🙂 We’ll have E-mandates available soon.

      • Ram Chaithanya S A says:

        I was charged for transferring money through UPI. When i received the ticket for the same i got the following reply.Can you please explain.Ticket number is #20180804830368

        Thank you for writing to Zerodha Support.

        Please note, if you transfer the amount through instant payment gateway facility from any of the platform of Zerodha for payin then Rs.9 plus the service tax(18%) a total of Rs.10.62 per transaction will be charged as we need to pay it to the Atom payment gateway our service provider.

        This amount is charged on every transaction irrespective of the volume. In case you want to avoid this then transfer the funds through NEFT/RTGS/IMPS.

        • Matti says:

          Hi Ram. I see that there are no such charges on your ledger. Can you please share a screenshot in an email to social[at] Will have someone check this out.

  60. Vishal Chothe says:

    Hi Nitin, Thanks for the new app. Liked it.

  61. Prakash Joshi says:

    What will be the charges for transacting and demat account charges for the MF account. I am a very small trader on zerodha. I may consider transferring my MF investments in direct as well as regular schemes. I have opened accounts on each fund house and hence I have to track each acc seperately.

    • Matti says:

      Hey Prakash, we charge Rs. 50 per month for overall investments above 25k. No transaction fees as such. There will be a DP charge of Rs. 5.5 + GST when you’re redeeming funds.

  62. Akarsh says:


    How can one check if her/his Mutual fund (bought at coin) is already in Demat form or not?


  63. Akarsh says:


    Beautiful app. ??

    I hope this company becomes the pride of the nation someday.

    Please Nithin Sir, let me buy some Zerodha shares.???.


  64. Abhijit says:

    If i invest in Liquid Fund through Coin , can i use this investment as Margin/Fund collateral for my Zerohda Trading account ? If YES then pl give complete details

  65. Ram says:

    Is it possible for us to start SIP in small caps funds of SBI and Reliance where only SIP allowed with this app ?

  66. Althaf says:

    Is there any ‘Sharia Compliant’ ELSS mutual fund to invest?

  67. Prasad says:

    It mean no additional charges? No annual charges? If its their how much?

    • Matti says:

      Hi Prasad, the first 25,000 worth of investments on Coin are free. Thereafter, you’ll be charged Rs.50 per month. More here.

  68. Sreenivas says:

    Just installed the app. The UI is wonderful, world class experience and very smooth infact.

  69. Udit Chugh says:

    Looks amazing! Eases monitoring portfolio and the ordering process and even allows placing conditional orders. But my favorite feature from all was to Add funds with Tez, a very neat idea! I guess the quickest way to add funds to Zerodha account!

  70. ashish vashistha says:

    my account showing balance in( -)minus .may i know about this? why it is showing?

    • Matti says:

      Hey Ashish, you would have sold holdings form your demat account, for which DP charges would have been deducted. I suggest you create a ticket here for more details.

  71. Vinod Ghanekar says:

    My dad account is axis bank demet account I want to transfer that account to zerodha kindly share te procedure.

    • Matti says:

      Hey Vinod. You’ll have to open a Zerodha account for your father then submit a closure-and-transfer form to Axis (obtained from them) with the Zerodha demat account details.

  72. Vipul Sorkar says:

    nithin bhai, you are a god. Teach me!!!

  73. ANUP GHOSH says:

    please suggest , in which mf return 15% in five years

  74. Manjunath M J says:

    Hi I have mutual funds invested offline. Can I bring that MF holding to coin. Does it incur any charges.

    Kindly provide info on this


  75. Manoj says:

    Can we track our existing portfolio through the app..

  76. Amrut Rajaram Lad says:

    My account is zerodha but i can not login coin

    • Matti says:

      Hi Amrut. You need a Zerodha demat account to invest in mutual funds through Coin. IL&FS account holders cannot invest in MF through Coin.

  77. Shardool says:

    Hi Nithin,

    Have you provided an option to upload existing MF portfolio in Coin?

  78. Pradeep Kumar says:

    Sir, I am not able to search regular funds in Coin app, as It can be seen on coin website. Please include Regular Funds list in Coin App also.

  79. arun says:

    can NRI’s invest through coin

  80. A says:

    How can import my CAMS mutual funds?

    • Matti says:

      You can add your existing investments on Coin, by getting them dematerialised. The process for dematerialisation is described here. In light of the launch of the Coin mobile app, we will be waiving off the dematerialisation charges for our mutual funds until the 31st of October, 2018.

  81. Avisek says:

    Did you stop charging on direct mutual fund !? Because paytm launch direct mutual fund and they are not charging for it , policy bazar also doing the same ..

  82. Rajat Anand says:

    love your new idea of new coin app it makes it easier to track everything

  83. Shail says:

    Hello Matti,

    I had been investing in direct mutual funds for a while now. I tried coin and liked it. I intend to transfer and consolidate my entire corpus into coin along and them make fresh investment through it as well.

    But I am not sure if transferring direct MFs is support. Please advice.

    I would like to start investing on Coin but only when I have every thing consolidated at one place. I hope my question makes sense. Thanks!

    • Matti says:

      Hey Sahil. You can indeed add your existing investments on Coin, you’ll have to get them dematerialised. The process for dematerialisation is described here. In light of the launch of the Coin mobile app, we will be waiving off the dematerialisation charges for our mutual funds until the 31st of October, 2018.

  84. Siva says:

    @Nithin, I don’t understand your idea to keep separate apps for Stocks and mutual funds ? Any reason to keep the separate ? Anyway, i love the products coming from zerodha. keep doing good work.

    • Matti says:

      Hi Siva.

      The idea is that mutual fund investing and stock investing are completely separate activities. Having all these functionalities in a single app would create a lot of clutter. Not everybody does both, so, for the greater good, we’ve kept this app separate.

      • Zerodha User says:

        Then why charge them together? Why not separate that as well. As a MF only investor, I do not need trading account. But the current setup forces people to open trading account as well and pay for it.

        • Matti says:

          You’d need to transfer funds to the trading account in order to invest in MF since we can’t debit the bank directly.

      • Puneet Rathi says:

        Since both are completely separate activities, it would be a blessing to have separate wallets as well. Now we are forced to keep a track and ensure that the funds are available in the wallet for the SIPs that would deduct next day, and then find out the margin I have for today to do intraday trades or buy shares from investment perspective.

  85. Abhi says:

    @nithin, @Matti,

    This is certainly a welcome move. Thanks!

    Would be great if you can clarify the following:

    1. Just wanted to know if an investor can open a “coin” only account with Zerodha? (Would be ideal for people like my parents who would like to invest in MFs only.). With the coin app, everything else is sorted for direct MF equity investments!

    2. The demat charges applicable for redemption of mutual fund holdings from coin seems to be Rs.6.49/- per redemption. Is this charge applicable for partial redemption also? Frankly I was surprised at the levy of this redemption charge despite the monthly coin fee of Rs.50/- plus taxes. Nevertheless, please clarify if this is applicable for partial redemption too and see if you can waive this entirely as systematic withdrawal of funds would become less lucrative if partial redemption is charged.

    • Matti says:

      Hey Abhi,

      1. A “Coin account” is essentially a Zerodha trading & demat account. If you’re only using Coin, nothing changes for you as a user.
      2. Demat charges are levied by the depository (CDSL in this case) on each debit instruction on the app. Hence, the charge is levied. Even partial redemptions are essentially a debit instruction to your demat account (similar to debiting money from your bank account). This charge is quite inconsequential in the larger scheme of things, considering mutual funds are long-term investments. We’ve minimised this charge to as much as possible. 🙂

  86. Vaibhav Sheth says:

    Hey Nithin!!
    I tried to open an account for my child to purchase mutual funds in his name only to know that zerodha doesn’t open accounts in the name of minors:(
    Any chance of being able to this in the future??

    • Matti says:

      Hey Vaibhav, for investing on Coin, you’d need a Zerodha trading and demat account. Unfortunately, trading accounts for minors aren’t allowed. What you can do here is to open a trading & demat account for yourself to purchase the funds and just a demat account for your child to transfer/gift them to.



  88. Simanchal says:

    I like the coin app and its neat and clean design.
    If below features are added then it will become awesome.
    1. Provide an option to create a model portfolio(kind of short listing) before start investing in a MF scheme.
    2. Provide suggestions of Mutual Fund investments as per Investors’s Goals. This will help to new investors in deciding which fund to invest.

    • Matti says:

      1. On our list of things to do.
      2. We’ve intentionally stayed away from the advisory space as we don’t see any real value we can add for you here at this point. Advice has to be specific to each user and has to take into account a lot of factors to create a holistic portfolio that suits an investor. A generic, rule-based advice engine that takes a couple of parameters from you to suggest funds isn’t really adding any value to your investments.

  89. Pratap says:

    Hi Nitin,

    We still cannot create customized baskets to group the SIPs we’re investing in. Like Portfolios. That would help track our goal wise achievements. Requesting you to bring this feature.


  90. anilsuman says:

    Hi Team, i a zerodha user. I felt the charge of 50 per month is too high for a small investor.
    2: what is the procedure to onboard my existing funds to coin platform and do you charge for that funds as well.

    • Pratap says:

      If Rs. 50 is too much (that works out to Rs. 600 flat fee per year) then you should going for regular plans of the funds, who charge far more than Rs. 600. The brokers who charge their fee (like FundsIndia) don’t care if you’re a small investor. They just cut your wallet.

    • Matti says:

      Hey Anil, to answer your question on pricing, yes, you will be charged for the transferred in investments as well. Also, as Nithin has mentioned in the post – “This has helped us build a sustainable platform”. For us, it works out with even as little as Rs 50 because this is a continuation to our primary business of allowing people to trade stocks. I know currently, we are all spoilt by choice with all the cash backs and free offers fueled by VC money pouring into Indian startups. But this ain’t going to last forever. When it stops, only platforms that have a revenue model will survive. It is important for you to be cognizant that unlike an online shopping portal where you are there only for that transaction, your relationship with a platform for investment is much longer.

      As for adding existing investments on Coin, you’ll have to get them dematerialised. The process for dematerialisation is described here. In light of the launch of the Coin mobile app, we will be waiving off the dematerialisation charges for our mutual funds until the 31st of October, 2018.

  91. Ninad says:

    Just installed the app. its awesome. UI is neat and clean. Thank You.

  92. Kiran says:

    I want to open trading account at Zerodha but i have already trading account at SBICAP Securities. Can i still open account at Zerodha? If not can you tell me what is the process to transfer my account from SBICAP to Zerodha?

    What is the charges for transfer funds from bank to Zerodha account & from Zerodha account to bank?
    Suppose i want to transfer 1,00,000 from bank to Zerodha account & 1,00,000 from Zerodha account to bank, then how much will be charged on each transfer?

    Thanks in advance.

    • Matti says:

      Hey Kiran, you can open any number of trading accounts. So, yes, you can open an account with Zerodha. We don’t charge anything for fund transfer via UPI. Netbanking transfers are charged at Rs. 9 + GST per transfer. There are no charges for withdrawing funds from your Zerodha account back to your bank account. More details on fund transfers here.

  93. Ankit says:

    Thank you Nithin for all that you are doing for us retail investors! More power to you!

    Since most advisor are still hung up on making commissions via regular mutual funds. It would be great to have an approved advisory list for us to seek honest advice from according to our goals and tenure and invest in direct mutual funds ourselves.

    • Matti says:

      Hey Ankit, as Zerodha, we’ve always stayed away from the advisory field as we’ve believed that predicting the markets to a degree of accuracy at which a business can be built is nearly impossible. You can check out the list of registered investment advisors (RIAs) on the SEBI website and consider getting in touch with one of the more reputed ones.

  94. Rama Kant Yadav says:

    How can we place regular order from coin app ? It is not showing mode regular/direct in any place. Is it listing direct plan only in app by default ?

    • Matti says:

      Hi Rama. Not sure what you’re referring to, but the Coin app only shows direct funds.

      • Prakash says:

        If zerodha doesn’t earn commission from mutual fund organizations then from where they are generating income?

        • Matti says:

          Hey Prakash, since we only offer direct funds where no commission is passed back from the AMC, we charge a Rs. 50 monthly subscription fee for the platform for investments above 25k.

  95. Nikhil says:

    This app is lovely! I just love the UI and how easy it is to use!! Kudos to the designers of this app!!

  96. vikas says:

    Hi Nithin,

    multiple arsenal for investors in recent days — nothing for traders !!!
    please bring something amazing for traders like me….

  97. GARIMA says:

    Dear Nitin Ji…

    “आपको एक ओर नई सफलता के लिये … बहोत सारी बधाई…”

    We all are extremely Grateful to you for all your & u r teams Hard Work and making investment simple and to reach every single Indian Investor…

    With Lot of Regards…

  98. Anurag says:

    Hi Nithin,

    Any updates when one can get STP and SWP support in coin?


    • Hi Anurag, this will take us some more time. This STP/SWP execution logic has to be built on our side since we don’t rely on AMCs for this.

      • Gopal says:

        Great step Nithin..Can we access Kite from Coin android app?..Login again to kite?

        • Matti says:

          Hey Gopal, since they’re 2 different apps, you’ll have to log into each separately.

          • Mahendra says:


            Can we block some fund for SIP so that regular trading will not consume money from this fund. Like MF account, Trading account etc.


            • Matti says:

              Hey mahendra, this wouldn’t be possible. However, as Nithin has said in the post, we’ll soon add a e-mandate feature so SIP amount can be deducted from your bank automatically.

      • Sameer Wakude says:

        Hi Nitin,
        Eagerly waiting for STP from long time. It would help to move the investments on auto-pilot. Please bring it on asap. Thanks.

      • Sameer says:

        Nitin ,

        Do you have date to start STP/SWP?



        • Matti says:

          Hey Sameer, we’re working on this. I’m afraid I can’t give you a concrete release date right now though.

          • Shashank says:

            Still no updates on SWP?

            • Allen says:

              any dates on SWP?

              • Matti says:

                Hi Allen, we’re working on this. Can’t commit to a timeline just yet though.

                • Kiruphakaran says:

                  Its 2020 and still no word on STP, come on guys! i am ready to pay for it too, but please bring it ASAP, else i should look at other apps to move my future investments.

                • Nitigna says:


                  Still, STP/SWP is not available. Can we wait for it? Because you guys are working on it from 2018 and still no updates.

                  • Akshay says:

                    Ya guys it’s been 2 years since you said that you would be bringing STP feature but it is still missing. Should I move my investment to other apps such as Grow which also deals in direct MF space & offers STP?

                    • Prashanth M says:

                      2+ years is a long wait for STP/SWP to be incorporated!
                      Forget about getting the feature, can you guys provide a tentative date? We don’t mind even if the date is next year or year after that. At least commit to a date!

      • Kundan Kumar says:

        Sir,plz do it fast. Two years passed since you replies this.

      • gajendra ambi says:

        Currently only Kuvera offers SWP, it also seems to be a drawback with the format in which zerodha (demat) holds or stores the MFs. It is 2021 and still there seems to be no progress in this direction…it seems it will never happen.

      • Niral Koradia says:

        Hi Nithin,

        Hope you are doing well!

        Do you think SWP/STP will be implemented anytime soon?

      • Chetan says:


        D we have the STP options available now on the COIN app? I wish to invest in a debt fund and link a hybrid STP to it. Is it possible?

        Chetan Gadia

        • Shubham says:

          Hey Chetan, this is currently not available. Though it is on our list of things to do, and we’ll keep you posted on this 😀

      • Prasad says:

        Hi Nitin,

        It’s been years we are waiting on SWP/STP coming to Coin. Any recent updates. I absolutely love Coin and it is industry’s best.

        • Shubham says:

          Hey Prasad, we know it’s taken a while. We had built an SWP where you could do it across any scheme across any AMC but suddenly this SEBI circular came out which changes the way Coin works and whatever we had built no longer works. We are currently working on transitioning Coin and once we’re done we’ll introduce STP/SWP. Please bear with us.

      • Aakash Kumar says:

        Hello Nitin,

        Thanks for making such big platform for Stock and mutual Fund platform.
        Could you let us know by when STP , SWP will be included in Coin Web/mobile app. we are waiting from long time. if you wants to charge any upfront cost so by making subscription of some small amount , take it and build this functionality.

        This is a major requirement from customer.

        Please update.

    • Sharath G says:

      Any updates on STP feature availability ?

    • Zain says:

      Its 2022 now and still no word on the STP and SWP features. I am using Kite since 5 years now and started using coin since last year. But now I think I made a mistake by opting for Coin without these features
      STP and SWP are so much required for mutual funds, it is shocking that it is not being offered until now

      • Shubham says:

        Hey Zain, we know it’s taken a while. We had built an SWP where you could do it across any scheme across any AMC but suddenly this SEBI circular came out which changes the way Coin works and whatever we had built no longer works. We are currently working on transitioning Coin and once we’re done we’ll introduce STP/SWP. Please bear with us.

  99. Abhilash says:

    Discovered it a couple of days back, used it and loving it.

    • ramdeosharma says:


    • Nitin Kale says:

      I have been using Kite and Coin from last two years and I am happy with Hassel free investing. I just have one question, can we do systematic Transfer from liquid fund to SIP by using Coin app? I couldn’t find answer in support section, it is not having option to send specific questions. Please help.